ECB To Order New Irish Gov’t To Aid Banks

01 Mar 2011

The European Central Bank is expected to tell the new Irish government that it must proceed with an €7 billion ($9.68 billion) injection into AIB, Bank of Ireland and the EBS Building Society.

The European Central Bank is expected to tell the new Irish government that it must proceed with an €7 billion ($9.68 billion) injection into AIB, Bank of Ireland and the EBS Building Society. The outgoing government had deferred a decision on the recapitalization until after the recent election. ...

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